The new building would measure 54,000 square feet, and 11 percent of the units would be reserved for tenants with very low incomes. In exchange, the developer is seeking permission from the city to build to a height of 41 feet. (That’s 11 feet taller than the height limit for the site at 1901 West Blake Avenue.)
The property is located on the other side of the river from the Taylor Yard, a city-owned site that will eventually be turned into a big park.
As efforts to clean up and revitalize the LA River have heated up, so has interest in Frogtown, which is sandwiched between the waterway and the the 5 freeway, with the 110 to the south and 2 to the north.
Flippers have come in alongside, developers, brewers, and restaurateurs capitalizing not only on Frogtown’s location along the river but also its proximity to DTLA. Also called Elysian Valley, the neighborhood had been a blue-collar community peppered with warehouses and manufacturers.